The S&P Global Eurozone Manufacturing PMI edged down to 51.3 in June 2026 from 51.6 in May, slightly below market expectations of 51.6, preliminary data showed. The sector remained in expansion for a fifth consecutive month, but growth slowed for a second month, as supply chain disruptions linked to the Middle East conflict still weighed on activity. The sector continued to benefit from inventory building as customers bought ahead of expected price rises and possible supply issues, supporting demand. New orders rebounded marginally. Meanwhile, employment continued to decline, and business sentiment remained weak. On the price front, input costs continued to rise rapidly, but the rate of inflation slowed. Selling prices also moderated, although less than input costs.